PG&E Corp. Q1 adjusted earnings Miss Estimates

PG&E Corp. (PCG) announced earnings for first quarter that declined from the same period last year.

The company's profit came in at $120 million, or $0.06 per share. This compares with $371 million, or $0.57 per share, in last year's first quarter.

Excluding items, PG&E Corp. reported adjusted earnings of $487 million or $0.23 per share for the period.

Analysts had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.5% to $4.72 billion from $4.31 billion last year.

PG&E Corp. earnings at a glance:

-Earnings (Q1): $487 Mln. vs. $576 Mln. last year.
-EPS (Q1): $0.23 vs. $0.89 last year.
-Analysts Estimate: $0.26
-Revenue (Q1): $4.72 Bln vs. $4.31 Bln last year.

Full year EPS guidance: $0.95 to $1.05

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